TonyJIAO
2022-07-30 14:40flight to quality
請(qǐng)問(wèn)在bull flatten情況下會(huì)有flight to quality這個(gè)點(diǎn)該怎么用英文解釋呢?謝謝
所屬:CFA Level III > Fixed-Income Portfolio Management 視頻位置 相關(guān)試題
來(lái)源: 視頻位置 相關(guān)試題
1個(gè)回答
Nicholas助教
2022-08-01 11:05
該回答已被題主采納
同學(xué),早上好。
是因?yàn)樵诮?jīng)濟(jì)不好的時(shí)候利率降低,人們更傾向于購(gòu)買(mǎi)長(zhǎng)期債券,那么長(zhǎng)期債券的需求上升,價(jià)格上升,收益率下降,則呈現(xiàn)出長(zhǎng)期利率下降更多,短期利率下降更少的情況,為bull flattening。
Under a “flight to quality” market stress scenario, investors sell high-risk, low-rated bonds, which fall in price, and purchase government bonds, which experience price appreciation.
